2002 (4) TMI 717 - AT - Central Excise

Summary

The Revenue appealed against the Order-in-Appeal regarding classification of Neoprene Rubber sheets as Gaskets for eligibility of credit as capital goods. The Commissioner (Appeals) accepted the assessee's plea based on previous CEGAT final orders. The Revenue contended that the item cannot be treated as capital goods as it was converted into washers and Gaskets before use. The Tribunal upheld the Commissioner's decision, citing previous judgments, and rejected the Revenue's appeal.